Smith's Bournemouth move nearing completion

Smith agreed personal terms with Bournemouth whilst on their pre-season tour of the United States to allow the Aussie to board an overnight flight back to the UK to complete the formalities of his move.

The England U21 international, who Liverpool had watched since last year, was the subject of a £7 million bid which was rejected last month.

But Klopp recently dropped his interest after the 19-year-old's intentions suggested he would rather stay at reigning champions Leicester.

A left-back appears to be the only addition Klopp believes his squad still require, although no deals appear on the horizon with the German waiting to find the right player whom he believes will improve the squad.

Reds shopping for left-back to compete with Moreno

Liverpool Under-21s currently have former Barcelona defender Juan Manuel Garcia on trial, the Spaniard starting at left-back in their recent 4-1 friendly win against Rhyl FC.

But though the club could choose to sign the former Barcelona U19s captain to a permanent deal, he will only remain an Academy player for the forseeable future.

Jetro Willems, of PSV Eindhoven, and Aston Villa's Jordan Amavi are among those who have been touted as other possibilities, although it is yet unknown if the Reds have any tangible interest in the pair.

Germany international Jonas Hector is another frequently linked, but Liverpool have not shown any interest.

Of those currently on the books, summer signing Ragnar Klavan is capable of playing at left-back in an emergency while first-choice right-back Nathaniel Clyne can switch sides if needs be.

But with little cover on the right side of defence too, bar Connor Randall, that situation seems unlikely - meaning Klopp could turn to the Academy for depth.

The Belgian striker has suggested he would be keen to stay at Anfield and fight for his first-team place, although Liverpool want to get the £32.5 million frontman off the books.

Palace have already had an opening offer worth £25 million turned down, but Alan Pardew now appears willing to met Klopp's asking price - which would mean Liverpool have earned more in sales than they have spent on signings so far.